Eminent Electricity completed the acquisition of Chandigarh Power Distribution for INR8.71bn.

Synopsis

Eminent Electricity Distribution, a wholly owned subsidiary of CESC, completed the acquisition of Chandigarh Power Distribution, a company responsible for electricity distribution and retail supply in the Union Territory of Chandigarh, for INR8.71bn.

Principals

target

Chandigarh Power Distribution

bidder

Eminent Electricity Distribution

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Market Context